The always-important future orders scheduled for delivery rose to $10.9 billion, 12% higher than a year ago. That growth rate would have been higher if not for currency weakness in emerging markets and Japan. Gross margins also grew to 44.5%, benefiting from higher average prices and an expanding direct-to-consumer business.

"Our strong Q3 results demonstrate our relentless focus on delivering innovations that resonate with consumers,” CEO Mark Parker said in a statement. “Despite macroeconomic challenges, Nike delivers consistent results because we focus on the biggest opportunities for growth while we manage risk across our diverse global portfolio. This is how we continue to drive long-term value for our shareholders.”

After dropping in opening trading this morning, Nike stock ended the day nearly flat at $79.27. Shares nudged up about 2% in after hours trading.